Manish (Accountant) (250 Points)
08 April 2024Dear All,
My client got registered in GST in Apr-23. He sold some goods on Amazon/Flipkart but never filed any return till date. My questions are :
1. What will be the penalty for non-filing of GST Returns (1/3B/8).
2. Some months have Sale and purchase both and some months have only purchase. Are months having no Sale (Purchase only) will be liable for 10+10 penalty per day or 25+25 per day?
3. Is there any way to save or reduce the penalty?
Kindly confirm.
NARENDRA
(ACCOUNTS MANAGER)
(1994 Points)
Replied 09 April 2024
Late fees for every delayed day is Rs. 50 ( 25+25 ) , & Rs. 20 ( 10+10 ) in case of nil return. If your turnover is less than 1.5 Crore, the maximum late fees to be 2000/- , more than 1.5 Crore to 5 Crore is Rs. 5000 & More than 5 Crore it will be 10000 to be charged.
This is all for a normal taxpayer, little bit confusion about this rules is applicable for E-commerce operator or not.
CAclubindia
